Latest Agencies Headlines

Sep 20 2010 // I love the way my agency handles everything! That Lovin’ Feelin’ Everyone wants to feel the love. You work hard, always keeping the needs of your customers and employees in tight focus while building up your...

America’s Best Independent Agencies to Work For

Sep 20 2010 // Salaries and Benefits Lead but Quality of People and Relationships Win Votes, Too The results are in from the 2010 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies...

People

Sep 20 2010 // Philadelphia Insurance Cos. promoted Christopher J. Maguire and Sean S. Sweeney to co-presidents. Maguire joined Philadelphia Insurance Companies in 1987 and has managed underwriting operations and production. In his most...

The Future for Independent Insurance Agencies

Sep 20 2010 // Proactively Manage Your Future and Be Ready for Change I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of...

E&O Coverage for Real Estate Agents – Don’t Sell a Home Without It

Sep 20 2010 // Liability Woes Include Misrepresentation, Structural Defects, Legal Errors and More Real estate errors and omissions (E&O) liability coverage is big business. Although the recent property debacle has focused attention...

6 Ways Agents Fail Their Workers’ Comp Customers

Sep 20 2010 // Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you...

Ryan Group Denies Wrongdoing by Former Employee

Sep 20 2010 // North Carolina-based wholesale insurance broker AmWINS has won a court order against a former employee it believes is using confidential client information to target AmWINS business accounts and win them over to his new...

Leavitt Opens RV Park, Campground Program to Outside Agents

Sep 17 2010 // Leavitt Recreation & Hospitality Insurance (LRHI) announced that its RV park and campground program is now available on a general agency basis. LRHI offers a program through Fireman’s Fund Insurance Co. and Penn...

Agents to Calif. State Fund: Please Pay Commissions

Sep 17 2010 // Insurance agents and brokers want the California State Compensation Insurance Fund to change its broker of service policy and instead recognize broker of record (BOR) letters. While the policy not to recognize BOR letters...

80% of Brokers ‘Very Positive’ on Lloyd’s Market

Sep 17 2010 // An article on the Lloyd’s web site [www.lloyds.com] concludes that “more than 80 percent of brokers say they are ‘very positive’ about doing business at Lloyd’s, according to the latest...

Renaissance Alliance Adds Three Agencies

Sep 16 2010 // Insurance network Renaissance Alliance Insurance Services said three New England agencies have joined its ranks. The new agencies are New Haven, Connecticut-based Abbate Insurance Associates Inc., Norwood,...

North Carolina Agent Arrested for Embezzlement

Sep 16 2010 // Timothy Michael Moore, 40, of Fayetteville, N.C., has been arrested on four counts of embezzlement by an insurance agent, state Insurance Commissioner Wayne Goodwin announced today. North Carolina Department of Insurance...

North Carolina Association Names Young Agent of the Year

Sep 16 2010 // The Young Agents Committee of the Independent Insurance Agents of North Carolina (IIANC) announced the association’s Young Agent of the Year, Broker of the Year and Company of the Year Awards for 2010. These awards...

Differentiate to Win

Sep 15 2010 // Have you ever watched the movie “Speed” with Keanu Reeves, Dennis Hopper, and Sandra Bullock? Dennis Hopper plays a bitter and unstable bomb squad officer who gets hurt on the job and is forced to retire. He...

Minnesota’s Allianz Has New VP of Life Insurance Sales

Sep 14 2010 // Allianz Life Insurance Company of North America, Minneapolis has named Jason Wellmann as the new senior vice president of Life Insurance Sales. In this role, Wellmann will be responsible for leading Allianz life insurance...

Towers Watson: New Risks, Regulations Reshape Reinsurance Industry

Sep 13 2010 // The growing complexity of reinsurance markets in recent years has increased demands on reinsurance buyers and radically transformed the industry, says Towers Watson. Changes such as complex market data, Solvency II...

Agency Valuations: A Victim of the Credit Bubble?

Sep 13 2010 // In the early 1700s, John Law, a brilliant mathematician, advised the French government their economy could be improved by printing lots of paper money not backed by gold or silver. The key was getting people to trust the...

Ohio Insurance Director Accepts Surrender of Agent’s License

Sep 13 2010 // Ohio Department of Insurance Director Mary Jo Hudson has accepted the surrender of the resident insurance agent license of John Elder of Lancaster, Ohio, for alleged violations of Ohio insurance law. The department said an...

Departure of Insurer from Florida Points Up Fraud Problem

Sep 9 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...

New York Excess Lines Brokers Advised to Renew Licenses Soon

Sep 9 2010 // New York excess line brokers must soon renew their business entity licenses if they want to avoid possible licensing delays later this year, the Excess Line Association of New York (ELANY) said. All business entity...